The bill appropriates a total of $18,518,738 to the New Jersey Historic Trust, sourced from constitutionally dedicated corporation business tax revenues, for the purpose of funding various historic preservation projects and covering associated administrative costs. Specifically, it allocates $15,031,000 for capital preservation grants for 43 projects, $1,467,738 for historic site management grants for 34 projects, and $100,000 for the purchase of a historic preservation easement. Additionally, $1,920,000 is designated for administrative expenses related to the implementation of the Preserve New Jersey Act.

The bill stipulates that any transfer of funds or changes in project sponsors, sites, or types will require approval from the Joint Budget Oversight Committee. Furthermore, it allows for the possibility of additional funding for historic preservation projects if there are remaining funds after the initial projects have been funded, contingent upon the approval of the Joint Budget Oversight Committee. All projects funded under this bill must be listed or eligible for listing in the New Jersey and National Register of Historic Places.